Exhibit 29-2 Refer to Exhibit 29-2

question 12

Multiple Choice

Exhibit 29-2 Refer to Exhibit 29-2. The interest and interest rate on loan 1 are, respectively,

• A)$1,100 and 100 percent.
• B)$1,100 and 10 percent.
• C)10 percent and $100.
• D)$100 and 10 percent.